Sources close to the market inform SteelOrbis that while Midwest prices on cut grades traded sideways, in the Midwest, prices for HMS I and P&S declined by $10/gt ($10/mt) in the Houston market. Busheling prices, though, traded sideways.
A source noted that prices in the Dallas area “traded mostly sideways” compared to May, although, specific price levels were not provided.
Houston (June, delivered to customer) |
June |
May |
Change |
HMS I |
$364/mt $358/gt |
$374/mt $368/gt |
-$10/mt |
P&S |
$371/mt $365/gt |
$381/mt $375/gt |
-$10/mt |
Busheling |
$401/mt $395/gt |
$401/mt $395/gt |
No change |